Barneys and JC Penney, the end is near

Barneys of New York as they are preparing themselves for a Chapter 11 bankruptcy, they find that morale is low and vendors want their merchandise back!!! An employee who wishes to remain anonymous has stated that certain designers have asked for a return now for their merchandise bypassing the usual return to vendor (RTV). The…

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Will Barney’s file Bankruptcy

Barney’s New York is considering options for a financial bailout due to over the top costly leases. These are causing a major financial drain on the retail store. Barneys, which is a fundamentally old-world department store that specializes in off-the-runways fashion, is known for selling apparel—but it’s also one of the most globally influential retailers of…

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